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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548638 times)
smooth
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December 28, 2014, 07:56:28 PM
 #18481

Poloniex used to have some issues with withdraws failing, large ones in particular. This was probably due to many smaller deposits causing large number of inputs for these transactions. They would be too big and fail. Instead of combining small inputs themselves (and thus take the fee hit) it seems they have changed their approach to simply send small inputs directly to the customers withdraw address. This way they are moving the burden of small transactions on to their customers and avoid failed withdraws (or having to pay high fees to combine inputs).

Yes, that is exactly what's happened. Poloniex also didn't bother using mixin 1 (they used 0) and made me wait about 24 hours before processing my  XMR withdrawal. I also had to wait several hours for my second withdrawal. I'm not so happy with Poloniex's service. Now I've got a mess on my hands. Tons of ~30 XMR inputs and now I can't move them easily.

Poloniex has always used mix 0. The workaround I have used to make it untraceable is to withdraw to one wallet (I call it from-poloniex), then I send that on to another wallet (with a higher mix).

This will also allow you consolidate the output amounts. As TheKoziTwo explained, you will incur some fees doing this, but it is mostly the same fees you would have incurred spending the small outputs later (unless you did only tiny spends). Once consolidated, spending will become very inexpensive (sometimes 0.01 even with mixing).

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jehst
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December 28, 2014, 08:02:45 PM
 #18482

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

I can't even move 15% in one go. That's how mucked up it is.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
smooth
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December 28, 2014, 08:03:52 PM
 #18483

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

I can't even move 15% in one go. That's how mucked up it is.

That is strange. Did you do a bunch of separate polo withdraws or just one?
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December 28, 2014, 08:11:13 PM
 #18484

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

I can't even move 15% in one go. That's how mucked up it is.

That is strange. Did you do a bunch of separate polo withdraws or just one?


One withdrawal got sent to me in 97 transactions. Tristan D'Agosta handled it himself. Thanks, bud.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 28, 2014, 08:13:58 PM
 #18485

sent to me in 97 transactions.

Okay, that's a new one.
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December 28, 2014, 08:20:48 PM
Last edit: December 28, 2014, 11:21:09 PM by jehst
 #18486

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 28, 2014, 08:27:10 PM
 #18487

The price @poloniex went bananas! Green dildos everywhere! Smiley

Chaos could be a form of intelligence we cannot yet understand its complexity.
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December 28, 2014, 09:19:28 PM
 #18488

On Linux I'm getting:
Can't load blockchain storage from file, generating genesis block.
When starting the daemon, and it never seems to finish or use any resources.
I deleted everything but my wallet and keys from the folder I keep the daemon and wallet in, nothing in .bitmonero

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December 28, 2014, 09:27:01 PM
 #18489

On Linux I'm getting:
Can't load blockchain storage from file, generating genesis block.
When starting the daemon, and it never seems to finish or use any resources.
I deleted everything but my wallet and keys from the folder I keep the daemon and wallet in, nothing in .bitmonero

If there is nothing in .bitmonero then you don't have a local blockchain (blockchain.bin), and you also don't have a list of peer nodes (p2pstate.bin).

Something seems to be wrong with the build in seeds, so you need to specify a seed node on the command line. You'll only need to do this once, then you will have a p2pstate.bin file that will get you connected.

Try

bitmonerod --seed-node 182.92.104.160:18080
or
bitmonerod --seed-node 74.192.120.8:18080

These are not official seed nodes, just currently active nodes that appear stable.

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December 28, 2014, 11:45:08 PM
 #18490

Untraceable Crypto poll:  https://bitcointalk.org/index.php?topic=898563.0

Plz Vote for Monero at the poll linked to above, if you have yet to do so.

Thanks!
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December 29, 2014, 12:41:22 AM
 #18491

XMR price is rising a lot over night,what's happend?  Huh

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out of the blue and into the black


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December 29, 2014, 12:48:36 AM
 #18492

Poloniex used to have some issues with withdraws failing, large ones in particular. This was probably due to many smaller deposits causing large number of inputs for these transactions. They would be too big and fail. Instead of combining small inputs themselves (and thus take the fee hit) it seems they have changed their approach to simply send small inputs directly to the customers withdraw address. This way they are moving the burden of small transactions on to their customers and avoid failed withdraws (or having to pay high fees to combine inputs).

Yes, that is exactly what's happened. Poloniex also didn't bother using mixin 1 (they used 0) and made me wait about 24 hours before processing my  XMR withdrawal. I also had to wait several hours for my second withdrawal. I'm not so happy with Poloniex's service. Now I've got a mess on my hands. Tons of ~30 XMR inputs and now I can't move them easily.

Poloniex has always used mix 0. The workaround I have used to make it untraceable is to withdraw to one wallet (I call it from-poloniex), then I send that on to another wallet (with a higher mix).

This will also allow you consolidate the output amounts. As TheKoziTwo explained, you will incur some fees doing this, but it is mostly the same fees you would have incurred spending the small outputs later (unless you did only tiny spends). Once consolidated, spending will become very inexpensive (sometimes 0.01 even with mixing).



I just checked my withdrawal of a few weeks ago from Poloniex and they used a mixin of 1.  The tx id shows a larger amount than I received so I guess there were others included in the tx.  The tx was composed of 90 inputs and 8 outputs.  Four of the outputs were mine, one for each place value.  Is this the situation that will cause problems transferring from my wallet?


How important is it to transfer the coins received from Polo and what is a proper mixin #?  I know these 2 questions were covered a while ago but it is not clear to me now.

If you don't know where you're going any road will get you there
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December 29, 2014, 12:50:35 AM
 #18493

This coin is super awesome, hope its always rising!!
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December 29, 2014, 02:27:41 AM
 #18494

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

I would be wiling to add liquidity to Poloniex, how can I help?
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December 29, 2014, 02:32:38 AM
 #18495

How do I get my daily poloniex withdraw limit increased?

I don't have enough on Poloniex right now to get that message pop up, but I've seen it before. Who do I email?
jehst
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December 29, 2014, 02:34:01 AM
 #18496

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

I would be wiling to add liquidity to Poloniex, how can I help?

Just add more bids in BTC and add more asks in XMR. 

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
stslimited
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December 29, 2014, 03:25:42 AM
 #18497

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

I would be wiling to add liquidity to Poloniex, how can I help?

Just add more bids in BTC and add more asks in XMR. 

well yes, but there could be a general market making strategy we could be following. Or an algorithmic approach we could program
jehst
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December 29, 2014, 03:33:34 AM
 #18498

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

I would be wiling to add liquidity to Poloniex, how can I help?

Just add more bids in BTC and add more asks in XMR.  

well yes, but there could be a general market making strategy we could be following. Or an algorithmic approach we could program

Ideally, we would use market making bots of our own specifications, but I'm no good at programming unfortunately.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
PeaMine
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December 29, 2014, 04:08:30 AM
 #18499

On Linux I'm getting:
Can't load blockchain storage from file, generating genesis block.
When starting the daemon, and it never seems to finish or use any resources.
I deleted everything but my wallet and keys from the folder I keep the daemon and wallet in, nothing in .bitmonero

If there is nothing in .bitmonero then you don't have a local blockchain (blockchain.bin), and you also don't have a list of peer nodes (p2pstate.bin).

Something seems to be wrong with the build in seeds, so you need to specify a seed node on the command line. You'll only need to do this once, then you will have a p2pstate.bin file that will get you connected.

Try

bitmonerod --seed-node 182.92.104.160:18080
or
bitmonerod --seed-node 74.192.120.8:18080

These are not official seed nodes, just currently active nodes that appear stable.



Thanks for the help smooth.
I'm now running into the same issue as before.
I first tried with no blockchain download, and it halted on
Can't load blockchain storage from file, generating genesis block.
For hours and also refused to be killed using sudo killall bitmonerod
I downloaded the blockchain and now I get this with the same issues as above.


2014-Dec-29 03:51:01.154578 Starting...
2014-Dec-29 03:51:01.170116 bitmonero v0.8.8.6-release
2014-Dec-29 03:51:01.176144 Module folder: ./bitmonerod
2014-Dec-29 03:51:01.179816 Initializing P2P server...
2014-Dec-29 03:51:02.443569 Binding on 0.0.0.0:18080
2014-Dec-29 03:51:02.443881 Net service bound to 0.0.0.0:18080
2014-Dec-29 03:51:02.444007 Attempting to add IGD port mapping.
2014-Dec-29 03:51:06.449200 No IGD was found.
2014-Dec-29 03:51:06.449471 P2P server initialized OK
2014-Dec-29 03:51:06.449560 Initializing protocol...
2014-Dec-29 03:51:06.449602 Protocol initialized OK
2014-Dec-29 03:51:06.449640 Initializing core RPC server...
2014-Dec-29 03:51:06.449790 Binding on 127.0.0.1:18081
2014-Dec-29 03:51:06.450234 Core RPC server initialized OK on port: 18081
2014-Dec-29 03:51:06.450380 Initializing core...
2014-Dec-29 03:51:06.450569 Loading blockchain...
Then stops there and stops using resources, have left it there for over an hour.


This is a high end system with 16GB of RAM.
I made sure it wasn't an issue with the system by running fantomcoind which had no issues.

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stslimited
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December 29, 2014, 04:55:24 AM
 #18500

You can move them easily. just in your case in more then 1 transaction.
If you just keep them in your wallet for 2 years, price will increase that much that you will not even think of moving all in one go.  Grin

My aim is not to dump. Actually, my aim is to help create real liquidity for XMR. As you may have noticed, you can't buy or sell more than a few BTC worth of XMR without moving the price 10%. I plan to change that by putting up more bids and asks closer to the spot price. That's why I need to move my coins.

EDIT: I have cooled down now. Poloniex can have another chance.

I would be wiling to add liquidity to Poloniex, how can I help?

Just add more bids in BTC and add more asks in XMR.  

well yes, but there could be a general market making strategy we could be following. Or an algorithmic approach we could program

Ideally, we would use market making bots of our own specifications, but I'm no good at programming unfortunately.

mainly, I was wondering what you plan to do when you get filled? or in a fast market rising or falling

PM me

I can at least double the liquidity
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